Skillz Soars on $150 Million Acquisition of Marketing Platform Aarki
Skillz says acquiring Aarki will broaden its footprint across the mobile gaming industry.
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Skillz (
SKLZ) - Get Report was skyrocketing Wednesday after the mobile gaming company said it agreed to acquire the marketing platform Aarki for about $150 million in cash and stock.
Shares of the San Francisco company were climbing 22.7% to $20.86 in trading Wednesday.
Skillz said in a statement that the transaction was expected to close in the third quarter.
The acquisition will broaden Skillz’s footprint across the mobile gaming industry by combining its competitive platform with Aarki’s advertising capabilities, the company said.
/PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Skillz.
SKLZ EQUITY ALERT: Kessler Topaz Meltzer & Check, LLP Announces that a Securities Fraud Class Action Lawsuit was filed on Behalf of Investors of Skillz Inc forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.